{"id":652524,"date":"2017-01-12T03:57:36","date_gmt":"2017-01-12T03:57:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/"},"modified":"2017-01-12T03:57:36","modified_gmt":"2017-01-12T03:57:36","slug":"finance-ministry-turns-working-on-new-income-tax-law","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/","title":{"rendered":"Finance Ministry turns working on new income tax law"},"content":{"rendered":"

<\/a> A new income tax act is in the works: <\/strong>Finance Minister Amr El Garhy announced yesterday that his ministry is working on a new income tax law, explaining that any amendments designed to bring the tax code up to international standards need to come in the form of a new tax code as the existing legislation has been amended extensively and it would be better to start from scratch, according to Al Masry Al Youm<\/a>. El Garhy did not outline the nature of the changes, nor did he hint at tax increases. <\/strong>The minister has in recent months made clear his preference that taxes not be raised<\/a>, although a faction in the House of Representatives has been agitating for a shift to a progressive income tax system with higher rates. El Garhy noted that his ministry aims to boost tax revenues to 16% of GDP within the next four years without resorting to changes in existing tax policies, AMAY<\/a> noted separately.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new income tax act is in the works: Finance Minister Amr El Garhy announced yesterday that his ministry is working on a new income tax law, explaining that any amendments designed to bring the tax code up to international standards need to come in the form of a new tax code as the existing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652524","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e973e66c-ddd3-42c5-8bb6-e5dd9b32c5f1","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652517],"teaser":"","voice_url":""},"yoast_head":"\nFinance Ministry turns working on new income tax law - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry turns working on new income tax law\" \/>\n<meta property=\"og:description\" content=\"A new income tax act is in the works: Finance Minister Amr El Garhy announced yesterday that his ministry is working on a new income tax law, explaining that any amendments designed to bring the tax code up to international standards need to come in the form of a new tax code as the existing […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-12T03:57:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Finance Ministry turns working on new income tax law\",\"datePublished\":\"2017-01-12T03:57:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/\"},\"wordCount\":169,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/finance-ministry-turns-working-on-new-income-tax-law\/\",\"name\":\"Finance Ministry turns working on new income tax law - 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Deputy Finance Minister Amr El Monayer denied the ministry was preparing a draft to amend the Income Law to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597533,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/30\/egypt-working-on-new-income-tax-vat-laws-maait\/","url_meta":{"origin":652524,"position":2},"title":"Egypt working on new income tax, VAT laws -Maait","author":"enterpriseam admin","date":"30 July 2019","format":false,"excerpt":"LEGISLATION WATCH- Brace yourself for a brand new income tax law: The government is working on a new income tax law during the current fiscal year, and expects to have an initial draft ready within two months, Finance Minister Mohamed Maait said at a press conference yesterday. Maait did not\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/661.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569622,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/finmin-creates-single-budget-for-income-tax-vat-arms-of-tax-authority\/","url_meta":{"origin":652524,"position":3},"title":"FinMin creates single budget for income tax, VAT arms of Tax Authority","author":"enterpriseam admin","date":"2 March 2020","format":false,"excerpt":"The Finance Ministry has started implementing a single budget for the Tax Authority\u2019s departments for income tax and VAT as part of the new unified tax law, according to a ministry statement (pdf). 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